Well....can you answer this. I found the form where had to put my line 40 income into my daughters return: Form 8615.
what number exactly is used to get the % from the table above?
My line 15 total entered?
My Line 15 total PLUS my daughters income?
What part of my daughters income is this 22% applied to? Her regular Wages + her PUA or just the PUA?
The 22% is close but not exactly on the mark. Funny thing is its close to 22% however if I knock my line 15 Amt down from say something in the 80's to say something in the70's...the taxable amount only drops a few bucks...so know I am thinking its using my Line 15 + some portion of hers to get the rate...yet if that is so, it looks to be taxing a little less than I would have thought.
If yo can answer I'd appreciate it and can wrap things up. My stuff is done with the1099Q and 1098T in her name on my return where we got the AOC. I understand I need not enter the 1099Q/1098T stuff on hers...but must enter the 1099G for PUA...she owes about $2400...its a wash! LOL!!! If I have this wrong let me know....just curious about what wages it looks at to get the % in your chart above.
